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QuizMultiple Choice

Credit, Interest, and Debt

Question 1 • EA Academy Civics 9

Talia has a $4,000 auto loan. Noah has a credit card with a $4,000 credit line. How will their payments differ?

Answer
A
Talia’s payments will not include interest, while Noah’s payments will.
B
Talia will be able to skip some payments, while Noah will have a required minimum.
C
Talia’s payment requires the total balance all at once, while Noah’s payment will have monthly bills.
D
Talia will have a set amount due, while Noah will have a minimum monthly payment that could change.
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